File this one under: why didnât we (they) think of this sooner. While it might seem like a no-brainer in hindsight, top reverse mortgage lender American Advisors Group (AAG) will now start serving up forward mortgages to its customers. Reverse vs. Forward Mortgage In what seems like a strange turn of events No pun intended, [&hellip
The post Top Reverse Mortgage Lender AAG Now Offering Forward Mortgages first appeared on The Truth About Mortgage.
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If you speak to any financial planners or so-called experts on the matter, theyâll probably say, âYes, pay off your mortgage before you retire.â But is it fair to make the same conclusion for all individuals? Probably not. And times are changing… Carrying a Mortgage Into Retirement Most experts will tell you to extinguish the [&hellip
The post Should You Pay Off Your Mortgage Before Retirement? first appeared on The Truth About Mortgage.
What a difference a decade makes. Back in 2009, it was a lot more common to hear about underwater mortgages than free and clear homeowners. In fact, a Deutsche Bank analyst warned at the time that 48% of U.S. homeowners would owe more on their mortgages than their properties were worth. Negative equity levels did [&hellip
The post 37% of American Homeowners Are Now Free and Clear first appeared on The Truth About Mortgage.